News:

Daffodil Institute of IT (DIIT) Forum has just been opened for you. Hope all DIIT students and Faculty will contribute in this Forum. Whenever you like to join, please register and use your institute email ID i.e @diit.info, @daffodil.ac or Daffodil any email ID. Your detailed profile will enrich our database. Hope all of the membersí active participation will make our Institute one of the best Institute in the global era. All of you should try to circulate this forum's information to your class mates, year mates, senior friends, junior friends and even to your face book networks too. This will make us proud of our DIIT web site. At the time of your registration please use DIIT email ID only and give your picture so that we can identify you clearly. Please be specific in your discussions, suggestions or in any kind of comment. Hope you will be positive in your attitude.

Author
Topic: Economic Theory (Read 1244 times)

Economic TheoryEconomic theory is a framework for understanding how the economy works.Traditional EconomyA traditional economy relies on hunting, fishing, gathering or farming for its base. As the name implies, economic decisions are guided by traditions.Asset AllocationWhat is asset allocation, and why it is important to your prosperity.Business CycleWhat stage of the business cycle is the economy in right now? If you don't know the answer to that question, read this article immediately. It will guide you to make the correct financial choices.Comparative AdvantageWhat makes a country more competitive.Competitive AdvantageA competitive advantage is what distinguishes you from all others. Whether you are an employee, a business or a country, you need to have a clear competitive advantage and communicate it to your customers.ReaganomicsReaganomics describes the successful economic policies enacted by President Ronald Reagan. It cut taxes and reduced inflation. Find out why it worked, and whether it would work today.Economies of ScaleReducing cost per unit due to large size.MonetarismA definition of monetary policy and how it is different from fiscal policy.MonopolySurprisingly, monopolies themselves aren't illegal. However, if they use their position to engage in price-fixing or other discriminatory activities, then they are subject to the Sherman Anti-Trust Act. Find out about monopolies in the U.S., then and now.Supply-side economics says that decreasing taxes is the best way to balance the budget and stimulate the economy. Studies give mixed reviews. Find out what supply-side economics is, how it works, and the pros and cons of this important theory.Laffer CurveThe Laffer Curve is the theoretical underpinning for supply-side economics and much of the Republican tax cut policies. What does it really say and how does it work?Trickle-Down Economics and Its EffectsTrickle Down Economics promises that a rising tide will float all boats. However, it hasn't really worked. Income inequality has worsened. Find out what trickle down economics really says, why it should work, and why it doesn't.DeflationDeflation is the flip side of inflation, because it's when prices fall. This seems like a good thing, but it actually has a depressing impact on the economy. Learn about deflation, how to recognize it, and whether it's a threat right now.What are the Causes of Economic Inflation?There are three main causes of inflation: demand-pull inflation, cost-push inflation and expansion of the money supply. Find out the conditions that create these causes, which causes are most common, and which ones you don't really have to worry about. Understand how these causes of inflation impact the economy and you.HyperinflationHyperinflation is when the inflation rate is in the double-digits -- per day! Find out the causes of hyperinflation, what hyperinflation was like in Germany, Zimbabwe and in America. Learn why hyperinflation probably will not occur in the U.S. again, and what you can do to survive, just in case.StagflationStagflation shouldn't happen, because the causes of inflation will usually drive economic growth -- and vice versa. Find out why stagflation did happen in the 1970s and in Japan.Cost-Push InflationCost-push inflation is created by many situations. Understand what they are, and find out some examples.Demand-Pull InflationDemand-pull inflation is the most common cause of inflation. Find out exactly what it is, what leads to it, and some recent examples.Command EconomyIn a command economy, the government decides how resources are distributed.Market EconomyA market economy relies on the forces of supply and demand to allocate resources.